Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
DeFi's reliance on the U.S. dollar forms an intricate web of risks. Is DeFi on a path to create something better/new, or destined to be an incremental improvement over traditional finance?
This report will focus on the key components of DeFi Apps, their main differences from traditional finance, potential risks, and the long-term impact of these DeFi Apps.